Global Economic Prospects 2007 : Managing the Next Wave of Globalization

Global Economic Prospects (GEP) 2007 explores the next wave of globalization. While the medium-term outlook for the world economy remains fairly bright, demographic trends will be a major driver of future events and the benefits of globalization are likely to be uneven across regions and countries. Looking at a set of growth scenarios covering the years 2006 to 2030, the report analyzes the opportunities and stresses of integration in order to bring into sharper relief the choices facing the world today. Three prominent features in the next wave of globalization are: the growing economic weight of developing countries in the international economy, the potential for increased productivity that is offered by global production chains, and the accelerated diffusion of technology. The GEP also analyzes three possible consequences: growing inequality, pressures in labor markets, and threats to the global commons. All of these developments, along with deepening economic interdependence, place a burden on the collective actions of the international community: to manage globalization or risk being run over by it.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC: World Bank 2007
Subjects:	ABSOLUTE POVERTY, ACCESS TO EDUCATION, ADJUSTMENT COSTS, AGRICULTURE, APPROPRIATE TECHNOLOGY, AVERAGE ANNUAL, AVERAGE INCOME, AVERAGE INCOMES, BABY, BASE YEAR, CAPITAL FLOWS, CAPITAL MARKETS, CARBON, CARBON EMISSIONS, CITIZENS, CLIMATE CHANGE, COMPETITIVENESS, CONSUMERS, COUNTRY INEQUALITY, COUNTRY PERFORMANCE, CURRENT POPULATION, DEBT, DEMAND-SIDE, DEPENDENCY RATIO, DEPENDENCY RATIOS, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DEVELOPING REGIONS, DEVELOPING WORLD, DEVELOPMENT ASSISTANCE, DEVELOPMENT RESEARCH, DISCRIMINATION, DISSEMINATION, DIVERSIFICATION, DOMESTIC MARKETS, ECONOMIC EXPANSION, ECONOMIC FORECASTS, ECONOMIC GROWTH, ECONOMIC PERFORMANCE, ECONOMIC VALUE, ECONOMICS, EDUCATION SYSTEMS, EDUCATIONAL ATTAINMENT, ELDERLY, ELDERLY POPULATION, EMISSIONS, ENVIRONMENTAL, ENVIRONMENTAL DAMAGE, EPIDEMIC, EXCHANGE RATES, EXPLOITATION, EXPORT GROWTH, EXPORTS, FINANCIAL MARKETS, FISH, FISHERIES, FORECASTS, FOREIGN DIRECT INVESTMENT, FUTURE GROWTH, GDP, GDP PER CAPITA, GENDER DISCRIMINATION, GLOBAL ECONOMY, GLOBAL MARKETS, GREENHOUSE GAS, GROSS DOMESTIC PRODUCT, GROWING ECONOMY, GROWTH, GROWTH PROCESS, GROWTH PROSPECTS, GROWTH RATES, HUMAN WELFARE, IMPORTS, INCOME, INCOME DISTRIBUTION, INCOME DISTRIBUTION LADDER, INCOME GROWTH, INCOME INEQUALITY, INDUSTRIAL PRODUCTION, INDUSTRIAL REVOLUTION, INFECTIOUS DISEASES, INFLATION, INTEREST RATE, INTEREST RATES, INTERMEDIATE INPUTS, INTERNATIONAL COMMUNITY, INTERNATIONAL POLICIES, INTERNATIONAL POLICY, INVESTMENT CLIMATE, INVESTMENTS IN EDUCATION, JOB CREATION, JOB SECURITY, LABOR FORCE, LABOR MARKET, LABOR MARKETS, LEGAL STATUS, LIFELONG LEARNING, LIQUIDITY, LIVING STANDARDS, LONG-TERM GROWTH, LOW-INCOME COUNTRIES, LOWERING BARRIERS, MARKET ECONOMY, MEDIUM TERM, MIDDLE CLASS, MIGRANTS, MIGRATION, MINORITY, NATIONAL ECONOMIES, NATIONAL LEVEL, NATIONAL POLICY, NATIONAL POLICY MAKERS, NUMBER OF PEOPLE, OIL, OIL EXPORTERS, OIL PRICES, PER CAPITA GROWTH, PER CAPITA INCOMES, POLICIES, POLICY IMPLICATIONS, POLICY MAKERS, POLICY RESPONSE, POLLUTION, POOR COUNTRIES, POPULATION GROWTH, POPULOUS COUNTRY, POVERTY LINE, POVERTY REDUCTION, POVERTY-REDUCING IMPACT, PRIVATE SECTOR, PRO-POOR, PRODUCERS, PRODUCTIVE POTENTIAL, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROPERTY RIGHTS, PUBLIC GOODS, PUBLIC POLICIES, PURCHASING POWER, PURCHASING POWER PARITY, RAPID GROWTH, RATE OF GROWTH, RATES OF GROWTH, REDUCING EMISSIONS, REDUCING POVERTY, REGIONAL GROWTH, REMITTANCES, RESOURCES FOR EDUCATION, RICH COUNTRIES, RISING DEMAND, RISING WAGE INEQUALITY, SAVINGS, SIDE EFFECTS, SKILL PREMIUM, SKILLED WAGES, SKILLED WORKERS, SOCIAL INSTITUTIONS, SOCIAL TENSIONS, SOCIAL UNREST, SUB-SAHARAN AFRICA, TAX REVENUES, TECHNOLOGICAL CHANGE, TECHNOLOGICAL PROGRESS, TELECOMMUNICATIONS, TRADE LIBERALIZATION, TRADE NEGOTIATIONS, TRANSPORTATION, UNSKILLED LABOR, VALUE ADDED, WAGE RATES, WAGES, WORK FORCE, WORLD INCOME DISTRIBUTION, WORLD POPULATION, WORLD POPULATION GROWTH,
Online Access:	http://documents.worldbank.org/curated/en/2006/12/7249203/global-economic-prospects-2007-managing-next-wave-globalization https://hdl.handle.net/10986/7157
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